What happens to my HSA upon my death?
The treatment of your Chard Snyder HSA Advantage™ account depends on who is the designated beneficiary. If no beneficiary is designated, additional documentation will be required and the money in the account may be subject to additional taxes. That is why it is very important to designate a beneficiary for your HSA.
The money in your account may be used tax-free for up to one year after you die for any eligible medical expenses you incurred after you opened the account, as long as you kept the receipts and the expenses hadn’t already been reimbursed by the HSA.
See What Happens to My Health Savings Account Upon My Death? for instructions on designating a beneficiary and requesting distribution from the account.
If you have additional questions, please contact us and ask for the HSA Department.
Still Have Questions?
If we have not answered your questions, don’t worry. Please contact customer service for more information.